HomeBanc Corp. (fka HMBNQ)

[BearGator56]

I guess I'm officially a bagholder! WOOOOOOO!!!

[Cuppy]

Well - no one has anything to say at this point?

Cuppy

[Cuppy]

George,

Do you have any take on the recent trading? the last few days we always seem to take a sharp nosedive from a higher point than the previous close. As usual, the price is aligned with the ask, not the bid.

Is this a MM lure to buy in, or something else?

Cuppy

[Cuppy]

They still won't take the bid higher...

Cuppy

[George1234]

Cuppy,


I think next 2 weeks will be interesting.
NetBank traded over 6 cents when chap7 liquidaton was approved.
We may havesome action here too. imo

[George1234]

I got that now. This plan will need to be approved on June 3rd. Let's see whether it will be approved based on pending class action suits..........

Disclosure Statement Hearing

> PDF of Disclosure Statement & Plan
June 3, 2008
(10:00 a.m. EDT)

[Cuppy]

I opened the document in Acrobat Professional, then using OCR text recognition, I had the scanned pages converted to live, searchable text and searched for every instance of the word "common".

See pages 7, 30 and 42 of the PDF.

Cuppy

[George1234]

Cuppy,
The document has been available on kccllc.net for the past couple of weeks. I didn't have time to read the entire document. Where did you find the lines about equity interests?
I couldn't managed to find any.

[Cuppy]

George,

When did this document actually become available for public download? I am curious if it was yesterday and the price action Friday was due to the MMs being "in the know" about it, trying to create one final round of bagholders.

I really hope I'm wrong!

Cuppy

[Cuppy]

Seems pretty clear that we get nothing:

The Debtors' Bankruptcy Cases have proceeded as liquidating Chapter 11 cases since the Petition Date. As of the date of this Disclosure Statement, the Debtors believe that more funds are likely to exist after the prosecution, collection or settlement of certain causes of action if the Bankruptcy Cases continue in Chapter 11 than if the Banlauptcy Cases were converted to Chapter 7 for completion. Insufficient funds exist and no prospect of sufficient additional funds exist to allow for any payment to common shareholders regardless of whether the Bankruptcy Cases are completed under Chapter 11 or Chapter 7 of the Bankruptcy Code.

(I am more than happy to be proven wrong on this...)

One thing that puzzles me is the date on this document: April 30, 2008. Could it have been suppressed until yesterday?

Cuppy

[Cuppy]

Tell me if this paragraph answers that:

Class 6 - Equity Interests

On the Effective Date, all Equity Interests shall be canceled, annulled and voided, and the holders thereof shall be entitled to no distribution whatsoever under the Plan or in the Bankruptcy Cases on account of such Equity Interests. One new share of reorganized HomeBanc's common stock shall be issued to the Liquidating Agent on the Effective Date.

Estimated Recovery: 0%

----------------------------------------

Looks like we're screwed.

Cuppy

[George1234]

June 3, 2008 - does common get soemthing?

http://www.kccllc.net/documents/0711079/0711079080430000000000002.pdf

[George1234]

Morningstar Alert

HMBNQ
05-16-2008 09:40 a
HMBNQ has risen 5% on high volume
The price of this stock has changed from $0.0090 to $0.0105 during heavy trading today. The trading volume of 226,736 shares was higher than its average daily volume over the past 30 days. For details, go to
http://quote.morningstar.com/switch.html?hsection=Quicktakes&ticker=HMBNQ&memail=alert3

[Cuppy]

C'mon.... raise the BID!!!

Cuppy

[Cuppy]

I like!!!

(but would the bid please not hang out so low???)


:)

Cuppy

[George1234]

back to penny land. see ya @0.015 today.......

[George1234]

Cuppy, I'm lazy to think too much though. My gut says 25C in the near future and the trading pattern today is an indication.

[Cuppy]

At these price levels, just buying a position can push the price. There's also a question of whether the "last price" is the current bid or the current ask. Which one is the "last price" may cause the percentage change to swing wildly. (As of this moment, the stock is "only" up 16.67%, just because the "last price" is equal to the current bid of .007; if the "last price" was equal to the current ask of .009, we'd be up that 50%, even if the bid was still .007. I would consider it truly up 50% if the BID was .009...)

I own a number of shares that is about equal to what has traded so far today. If I were to try to sell, I guarantee the price would drop quite a bit.

But back to your point, being up 50% is one thing (in sub penny, not uncommon); going up around 40x in value will take substantial positive news. I for one hope you are right!!!!! I just don't know (in my ignorance of what is going on with this company right now) what will turn it around so much, so fast.

What do you think will drive it there?

Cuppy

[George1234]

Cuppy, why did it jump 50% today? What fundamentals changed? Btw, NEWCQ is jumping nicely even today........

[Cuppy]

I don't know how "trying to make people aware of the climb" could be done without resorting to the tactics of a pumper. I don't have a grasp of what underlying fundamentals would support the share price going up around 40x in such short order.

Cuppy

[George1234]

I think this will see 25-50C in the coming weeks.
Try making people aware of the climb.

[Cuppy]

If this stock can climb back into the pennies, I will be a happy man.

Cuppy

[George1234]

company submitted restructuring plan and seeking approval in the next 3 weeks, IMO

[Cuppy]

HMBNQ showing a little strength here... anyone have a whiff of positive news to come?

Cuppy

[STRONGUS]

HMBN is HMBNQ from today I still have some shares in this one. Actually I am in green with those shares but just keeping it see what happens. LOL

[George1234]

I don't think so.

NEWCQ doesn't even have a Name board on the building in Irvine where the head quarters is located...

[Cuppy]

Are there any major differences in the respective financial situations of HMBN and AHMIQ and NEWCQ?

Cuppy

[George1234]

3rd reason, both AHMIQ and NEWCQ have started running

[George1234]

2nd reason .. Jun 3rd is important date, I guess something will happen before then, IMO

[George1234]

One reason, there are new Inst buyers and sellers

Monthly Rotation Number
of Shares Value of
Change (MM) % of Shrs.
Outstanding
Buyers 5/9/08 115,901 $0.37 0.5%
Sellers 5/9/08 34,662,072 $102.09 0.0%

[Cuppy]

George, why do you think so? (I would love for you to be right!)

Cuppy

[George1234]

might run to 10-15C soon, IMO

[asus]

There is no value left in this shell. The company is bankrupt and has moved into protection, which eventually will erase all current share-holders from being owners...

[Cuppy]

Anyone think this has a chance to climb back into whole pennies again?

Cuppy

[nascjay]

LOL These halls are empty

[Cuppy]

Hello????

[Cuppy]

When are the "proceedings" done?

Cuppy

[asus]

Cuppy, HMBN is in chapter 11 proceedings, they're bankrupt. Solo investors always bear the brunt and are last in line to get anything.

[Cuppy]

anyone?

[Cuppy]

OK, so what do WE get out of this? Are we left with anything of value?

Cuppy

[George1234]

CNBS Financial Group, Inc. Acquires HomeBanc Name
Thursday, Apr. 3 2008
CNBS Financial Group, Inc. Acquires HomeBanc Name for Banks and Mortgage Offices

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PR Newswire
Comtex





TAMPA, Fla., April 3, 2008, 2008 /PRNewswire via COMTEX/ -- Some corporate brand names are just too appealing to simply fade away, as evidenced by the acquisition of the name HomeBanc by the Tampa-based bank holding company CNBS Financial Group, Inc., which plans to use the HomeBanc name for its current and future banks and loan-production offices. The announcement was made today by Jerry Campbell, Chairman, President and CEO, CNBS Financial Group.

CNBS Financial Group has acquired the name from the previous Atlanta-based HomeBanc Corporation, which closed its mortgage-loan business in August, 2007. During its existence, HomeBanc Corporation shares were traded on the New York Stock Exchange. CNBS Financial Group and HomeBanc Corporation came to an agreement that included granting to CNBS Financial Group all rights to the HomeBanc name and transferring the rights to its website domain address of www.HomeBanc.com.

"All of us in our company really liked the name HomeBanc," said Campbell. "Although the previous company wasn't a bank but rather a leading residential lender, we knew it was highly regarded and had a positive name. It had earned inclusion on Fortune's '100 Best Companies to Work For' list and established a company culture consistent with ours - achieving a 'Great Place to Work' for employees and offering outstanding service for customers."

"We want all of our customers to feel at home when interacting with us, and everything we do is geared toward being their home bank" said Campbell. "Every customer is assigned a personal banker, who gets to know each person well, at a branch near their home in a warm home-like environment that makes them feel special when they do business with us. This is what makes our bank distinctive, and we are really excited to call it HomeBanc to reflect how we operate and what we represent."

CNBS Financial Group raised $49 million in 2007 to build and grow the de novo bank Community National Bank of the South and a proposed savings bank in Lakewood Ranch. The company has grown to include loan-production offices in Tampa, Lake Mary, St. Cloud, Brandon and Largo. The Lakewood Ranch branch will open in the spring and a new branch in Bonita Springs will open later in the summer, according to Campbell.

The HomeBanc name will be marketed by the bank throughout Florida through, among other ways, LPGA player Brittany Lincicome, a Seminole, Fla., resident and one of the top-ranked female golfers in the world. Lincicome will help the HomeBanc name achieve visibility throughout the United States and abroad by wearing the HomeBanc logo on the front of her golf shirts and sweaters while competing on the LPGA tour. She also will be used in select bank promotions in the future.

"We are thrilled to have Brittany Lincicome on the HomeBanc team," said Campbell. "She represents the same high-quality traits we seek in our employees, including positive attitude, strong work ethic, interpersonal skills and a great record of success."

The corporate headquarters of CNBS Financial Group is located on the 41st floor of the Bank of America Plaza building at 101 E. Kennedy Blvd. in downtown Tampa. More information on HomeBanc can be found at www.HomeBanc.com.

To schedule an interview with Jerry Campbell, and/or obtain his head-shot photo and a hi-res version of the HomeBanc logo, contact: Jeff Caponigro at Caponigro Public Relations Inc., [e-mail], [phone]

SOURCE CNBS Financial Group, Inc.

http://www.HomeBanc.comCopyright © 2008 PR Newswire. All rights reserved

[nascjay]

Cuppy,

Thanks for bringing this to attention. I checked properties and according to time frame this site was created or modified today. Is this a restructure. I see no investor relations available from their site so I dont want to just try calling banks to ask.

Will research more and get back to you.

Jay

[Cuppy]

Check out the homebanc.com website. It is actually CNBS Financial, even though they call it HomeBanc. Is this our company? there is no link for investors... Our our shares even attached to this company who has this website?

Does anyone have a sense of what is truly going on?

Cuppy

[George1234]

Institutions buying back slowly.

Each one of the Institutions were bailed out last year and they are buying slowly. We have a goldmine here. IMO

Total Number of Shares Held 223,592
Large Block Owners 6
Percent Shares Owned 0.40%
Name Shares Held Position Value % of Total Holdings % Owned of Outstanding Shares Turnover Rating
Austin (Glenn T Jr) 11,227 $14,258 5.02% -- Low
Fidelity International Limited 14 $0 0.01% -- Low
Flood (Patrick S) 1 $1 0.00% -- Low
Kentucky Retirement Systems 3,700 $29,378 1.65% -- Low
Kubiak (John) 15,561 $19,762 6.96% -- Low
Lopez (Paul J) 54,515 $69,234 24.38% -- Low
Race (Kevin D) 85,912 $51,547 38.42% -- Low
Reighard (Dwight) 14,662 $18,621 6.56% -- Low
UBS Global Asset Management (UK) Lt... 38,000 $160,740 17.00% -- Low
Name Shares Held Position Value % of Total Holdings % Owned of Outstanding Shares Investment Style
BlackRock Small Cap Index Portfolio 279 $1,180 0.12% -- Index
CIBC U.S. Equity Index Fund 3,306 $4,199 1.48% -- Core Growth
John Hancock Funds II Small Cap Ind... 3,260 $4,140 1.46% -- Index
SBL Series P (High Yield Series) 30,000 $780 13.42% -- Specialty
Security Income Fund - High Yield S... 20,000 $520 8.94% -- Specialty
TIAA-CREF Equity Index Fund 1,700 $5,933 0.76% -- Index
TIAA-CREF Retail Equity Index 1,700 $10,455 0.76% -- Index

[nascjay]

Im hoping to someday have the money to be able to buy large quantities of stock. I started last february with a few hundred dollars because my wife got sick of listening to me say I will do it someday. I used last year as a big learning year. Had some losses and had a few gains. Pretty much breakeven year. Im hoping this year goes better for me. So far so good. Gl I would love to see .50 but .20 will be ok with me also.

[George1234]

Ok. Good luck to you.
I own sizeable volume and looking for 50C if that happens any time in the next 6 months.

[nascjay]

I am very small time George this is my first year with very little money to use. I own 5000 shares. I was hoping for that quick rbound to $1 and make a quick buck but it didnt happen.

[George1234]

Thanks nascjay.
Do you still have an average 0.07? If you don't mind disclosing, how many shares dow you own?

[nascjay]

George I hope you are right im in at .07 average a triple would make my day when it happens. OT you may want to take a look at IMMC.

[George1234]

Yes. Monster run upto 20C on the way...........